San Francisco’s homelessness count dips

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San Francisco, May 17 | San Francisco Mayor London Breed announced that preliminary results of the city’s biennial homelessness count showed a 15 per cent decrease in unsheltered homelessness and a 3.5 per cent decrease in overall homelessness.

The Point in Time (PIT) Count is a biennial count of people experiencing homelessness at a given point in time, reports Xinhua news agency.

Last year’s PIT Count was cancelled due to COVID-19, and this was the first count San Francisco has conducted since 2019.

The PIT Count was conducted on February 23, 2022.

According to the new PIT Count, 4,397 people were experiencing unsheltered homelessness and 7,754 people experiencing homelessness (both unsheltered and sheltered).

Despite the challenges brought on by the pandemic, San Francisco has continued to invest in housing, shelter, prevention, and other solutions, Breed said in her announcement.

“This is a first step. We need more housing and shelter, and we need to work every day to bring people indoors.

“We also need to recognise that the challenges on our street aren’t just about homelessness, they are about addiction and mental illness that must be addressed.

“We have a lot of work to do in this City, but this is good progress,” she was quoted as saying.

Source: IANS

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Weekly Fundamental Market Outlook

Weekly Fundamental Market Outlook

Indian share market posted its first weekly gain in Jun by rising 2.7%.

This week, the Indian Stock Market rebounded strongly and ended with first weekly gain of 2.7% in June as a drop in commodity prices offered some relief from broadening inflationary pressures. Copper prices, which are often seen as a bellwether for economic output due to their wide range of industrial and construction uses, are heading for their worst week in a year, while oil prices have dropped over concerns of slumping demand.

While the US recessionary fears are still at the forefront, but the slide in commodity prices has lifted the mood of stock market.Cheaper oil is usually beneficial for oil-importing countries such as India.

Domestically, on sectorial basis, Auto and FMCG are the top gainers, while Metal index is the top losers. On stock basis, Hero MotoCorp, Eicher Motors, Hindustan Unilever, Maruti Suzuki and M&M were the top gainers and Tata steel, UPL, Reliance Industries, hindalco Inds and Coal India were the top losers.

In the next week, investors will keep a close eye on crude oil price movement, commodity prices, US economic activity and the geopolitical development.

 

Post Disclaimer by BhaskarLive.in

The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

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